S&P Following Fib Sequence. Maxed out. Going down (5/22/2020)

S&P looks like it is heading lower on a perfect Fib sequence retrace. I'm expecting S&P to go down the rest of the trading day and possibly into Tuesday (Monday is a holiday). There has been an increase in negative news (U.S. China tensions, highest daily COVID cases being reported, no sign of economic recovery, Fed is cautious and worried about economy, etc.). I think the S&P has lost it's momentum on this rally. If there is any additional gains, I suspect it will be done via strong melt up to it's next resistance above 3000 before pulling back significantly. I don't believe we are going to all time highs in the near future. The charts are looking more and more bearish each day.